Top Financial Stocks
Financial stocks were mixed in late trade with the NYSE Financial Sector Index slipping 0.3% and the S&P Financial 100 Index reversing earlier declines to trade 0.1% higher.
In company news, Prudential Financial ( PRU ) was holding on to a small gain in late Wednesday trading and the insurance company expanding its clawback policies to recoup incentive-based compensation from its executive officers if it uncovers improper conduct.
The previous policy only covered compensation under the company's book value award program. The new policy, approved Tuesday as part of PRU's annual executive compensation review, includes stock options and other equity awards up to three years ago.
PRU shares were up nearly 2% at $79.48 each, just a penny under their session high. The stock has traded within a 52-week range of $75.41 to $94.30 a share, slipping about 7% over the past 12 months prior to today's rise.
In other sector news,
(+) EEFT, Q4 adjusted EPS of $0.74 beats Capital IQ consensus by $0.02 per share. Revenue climbs 23.1% to $462, topping estimates by $15.75 mln. Expects Q1 non-GAAP earnings of around $0.54 per share, including $0.05 FX headwind.
(-) NBG, Greek authorities seeking $2.2 bln lifeline during emergency meeting of eurozone finance ministers today. Also wants ECB permission to issue $9 bln in short-term debt while negotiating new, four-year loan restructuring.
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